many thanks to john harwood coming from washington, d.c. now, with everyone in washington talking tax hikes, whatever happened to spending cuts? that's really my question. spending cuts and limited government and private sector free enterprise and growth. here now is cnbc contributor and democratic vat gist keith boykin, a former clinton white house aide and best selling author and talk show host larry elder, out with a new took, "dear father, dear son." larry already the show talking about the book. there may be a deal on taxes, i have no idea, but i don't hear any reductions in spending. wasn't $1.2 trillion sequester, larry. that seems to be gone, the across-the-board cuts. i want to ask you do you think it's possible that this whole exercise could wind up enlarging government, increasing the entitlement state and not doing what many of us want it to do? >> let me think about that. i've thought about that. unfortunately, larry, you are right. one of the republican favorite exercise according to my friend tom sowell is running for the him